November 19, 2012

FALL RIVER MILLS — The current financial statements okayed by the board of directors of the Fall River Valley Community Services District show an income for the current period of $42,999. That is approximately $990 better than budgeted. With the increase in revenue because of the recent fee increase the district’s water revenue compares to that raised last June when the Spring planting season was underway.
On the expense side, the district spent $46,727 during the current period which was $3,728 more than they took in. Their budget comparison shows that they are $51,930 in the red for the first four months of the fiscal year. A total of $28,696 is for depreciation, which doesn’t affect the actual monetary bottom line unless it has been physically put into a bank account for that purpose. They have, however, spent $35,986 for attorneys which is $31,986 more than budgeted.